[Matrixport: Bitcoin and Ethereum Leveraged Positions Accelerate Clearance] Matrixport stated on November 17 that the current market is in a deleveraging phase, with rising risks associated with high positions. The open interest in Ethereum contracts has dropped by 50%, leveraged funds are rapidly contracting, and overall risk appetite is under pressure. Bitcoin is approaching the critical support level of $93,000, and liquidity in this range may weaken in the short term. Long positions in futures for the fourth quarter have been largely cleared, and leveraged pressure has been released temporarily. Attention should be paid to the concentration of ETF holdings; if the market weakens, it may trigger further position reductions, bringing new liquidity pressures.

[U.S. Stock Futures Rise as Market Focuses on Nvidia Earnings and Non-Farm Payroll Report] On Sunday evening, U.S. stock index futures mostly rose. Dow futures remained stable, while S&P 500 and Nasdaq 100-related contracts rose 0.3% and 0.5%, respectively. Previously, the Nasdaq closed lower last week due to weakening momentum in tech stocks, while the S&P 500 and Dow posted gains despite a sharp drop on Thursday. This week, investors will focus on the September non-farm payroll report, which will be released on Thursday, reflecting the state of the U.S. labor market. In addition, Nvidia will release its earnings report on Wednesday, and retailers such as Walmart, Home Depot, Target, Lowe’s, and Gap will also announce their results.

[The U.S. Department of Justice Seeks to Forfeit $15.1 Million USDT Linked to North Korean Hackers] The U.S. Department of Justice has filed a request to forfeit over $15.1 million USDT seized from North Korean hackers associated with the APT38 military cyber unit. The FBI recovered these funds after tracking stolen assets from multiple hacking incidents targeting exchanges and payment platforms in 2023. The Department of Justice has submitted two civil forfeiture applications, seeking court approval to retain the assets and return them to the victims. Investigations revealed that these USDT funds are connected to APT38's operations targeting four overseas virtual currency platforms in 2023. Although the Department of Justice did not explicitly name the platforms, the timing and amounts align with theft cases involving Poloniex, CoinsPaid, Alphapo, and others in 2023. Efforts to trace and seize virtual currencies linked to APT38 are ongoing.

[U.S. Corporate Bankruptcy Wave Nears 2024 Annual Total, Debt and Financing Pressures Intensify] The U.S. corporate bankruptcy wave is approaching the 2024 annual total, with pressures emerging in industrial and consumer sectors. During the government shutdown, an additional $600 billion in debt was incurred, raising concerns about the long-term risks to U.S. debt credit and dollar assets. The Federal Reserve is weighing the issue of corporate financing costs.

[Bitcoin Spot ETF Net Outflow of $1.11 Billion Last Week, BlackRock ETF Leads Outflows] According to SoSoValue data, from November 10 to November 14 (Eastern Time), Bitcoin spot ETFs saw a weekly net outflow of $1.11 billion. Among them, Ark Invest and 21Shares' ETF ARKB had a weekly net inflow of $1.68 million, with a historical total net inflow of $1.91 billion; BlackRock's ETF IBIT experienced a weekly net outflow of $532 million, with a historical total net inflow of $63.79 billion; Grayscale Bitcoin Mini Trust ETF BTC had a weekly net outflow of $290 million, with a historical total net inflow of $1.68 billion. As of the time of publication, the total net asset value of Bitcoin spot ETFs stands at $125.34 billion, with an ETF net asset ratio of 6.67%, and a historical cumulative net inflow of $58.85 billion.